Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. In March, FHA Commissioner Julia Gordon made it a little cheaper.

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Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements.

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Training Loan Officers Lending Mortgage 335

Housing Wire

NOVEMBER 5, 2020

The National Association of Mortgage Brokers inaugurated Kimber White as its new president during the virtual NAMB National 2020 conference. White is a partner at RE Financial Service and has been an active member of the mortgage industry for more than 30 years. HousingWire: What’s the biggest challenge for mortgage brokers right now?

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Mortgage Loan Officers Tools Training 449

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

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Mortgage Loan Officers Finance Investors 384

Housing Wire

OCTOBER 29, 2021

This week’s HW+ spotlight features Mark Jones, co-founder and CEO at Amerifirst Home Mortgage. Jones was also recently installed as vice chairman of the Mortgage Bankers Association for the 2022 membership year. Mark Jones: The 2008 financial crisis.

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Loan Officers Insurance Business Finance 284

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. Of course, if I had to go back and pick a point in time that really changed mortgage data, it was the 2008 mortgage crisis and the regulations that followed.

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Technology Loan Officers Lending Business 382

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. didn’t go into recession until 2008. This line has been truly epic.

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Inventory Housing Market Marketing New Listings 482

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

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Housing Wire

AUGUST 20, 2021

In 2016, Brad Sullivan’s Mortgage Financial Services ruled the roost in housing with a rank of 733. And Nationwide Mortgage Bankers posted an insane average three-year growth rate of 16,396% in 2020. 5000 since HousingWire’s earliest days (check out the HW’s 2008 Inc. Top Verticals. Real Estate. Tech & Solutions.

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Real Estate Realty Brokerage Mortgage 441

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

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Housing Market Marketing Brokerage Real Estate 400

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We since the 2008 financial crisis. Its mortgage origination volume reached $2.4

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Insurance Loan Officers Mortgage Clients 71

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Appraisal Today

OCTOBER 21, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on retirement, liability, ADUs, appraiser cartoon, real estate market, Appraisal business, unusual homes, mortgage origination stats, etc. ==.

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Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. By purchasing mortgages from lenders, Fannie Mae helps to ensure that there is a steady supply of mortgage funds available to homebuyers.

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Appraisal Today

MAY 12, 2023

NOTE: Please scroll down to read the other topics in this long blog post on humor, non-lender appraisals, mortgage forecast, staying positive when you’re slow, unusual homes, mortgage origination stats, etc. If not working use this link [link] An oldie from 2008 but a goodie ;> A blast from the past, pre-HVCC!!

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Appraisal Architecture Business Contracts 52

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” They ask you at the inspection “So, how much do you need this to come in at?”

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Appraisal Market Value Contracts Clients 36